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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Polyco injects R1.89m into polystyrene recycler

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Producer responsibility organisation Polyco has invested R1.89-million in waste service provider New Earth Recycling, strengthening one of South Africa’s only dedicated recyclers of post-consumer and agricultural polystyrene (PS) and expanding the country’s limited domestic processing capacity of this plastic type. This is Polyco’s third consecutive year of support for the Cape Town facility and reflects the broader need to build viable recycling solutions for plastics that are technically recyclable but have struggled to attract commercial investment, the organisation points out.

How BP’s new boss became the most powerful woman in fossil fuels

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Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons, she has a different argument: that the world is nowhere near done with them. So when BP stunned markets by naming an external chief executive officer for the first time, the choice of O’Neill signaled more than a leadership change. It marked a recalibration for BP, bruised by a failed pivot toward renewable energy, years of uneven financial performance, and pressure from activist investor Elliott Investment Management to return the company to its core oil and gas focus.

DBSA says $200m Lobito loan in line with regional integration strategy

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South Africa’s State-owned Development Bank of Southern Africa (DBSA) says its $200-million funding contribution to a larger $753-million loan agreement with the Lobito Atlantic Railway (LAR) concessionaire is in line with its regional integration strategy. The DBSA funding was confirmed at a signing ceremony in Washington DC on December 17, alongside a $553-million loan from the US International Development Finance Corporation (DFC).

Legendary Brian Gilbertson’s colossal contribution to mining will live on

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JOHANNESBURG (miningweekly.com) – It is difficult to know where to start when doing an obituary on Brian Gilbertson, who passed away at the age of 82 in his bed at home in South Africa surrounded by family on Wednesday, December 17, after a long period of illness. His legendary lifetime of leadership had him hallowed in the South African Mining Hall of Fame and presented the Brigadier Stokes Memorial Award of the South African Institute of Mining and Metallurgy for his “outstanding and unique contribution to the South African Mining Industry over a long period”.

Top South Africa fund manager sees 2026 non-resource stock rally

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Stocks of non-commodity South African companies look set to rally next year given they trade at a deep discount and trailed the performance of both local bonds and the wider equity gauge in 2025, according to a veteran fund manager at Ninety One the nation’s top investment firm. Surging precious-metals prices triggered a rally of more than 50% in South Africa’s benchmark share index in dollar terms this year, outpacing gains in European, emerging-market and US gauges. Local government bonds, as measured by the ALBI index, returned 38%, with the yield on 10-year rand debt plunging by a quarter to 8.36% from an April high.
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